New York —
The agencies extended the time to file taxes from April 15 to July 15.
OLIVIER DOULIERY / . / .
Neither the Treasury Department nor the Internal Revenue Service (IRS) have plans to extend the July 15 deadline for the tax return.
Due to the emergency by coronavirus, the agencies extended the time to file taxes from April 15 to July 15.
For most taxpayers, it remains the last day to fulfill their tax obligation.
Last week, Treasury Secretary Steven Mnuchin he remained uncertain as to whether he extended the period or not.
However, the most recent IRS statement on its website this Monday indicates that the “July 15 filing deadline will not be extended.” In the event that the taxpayer cannot meet that date, they can request an extension until October 15 to file their return.
“The IRS reminds people who file returns on the 1040 series of forms to file Form 4868 by July 15 to get an automatic extension until October 15. The extension provides additional time to file the tax return – not an extension to pay the taxes owed, ”clarifies the collection office.
“The IRS urges people who owe taxes, even if they have a filing extension, to carefully review their situation and pay what they can by July 15 to avoid penalties and interest. For taxpayers who are struggling and include those affected by COVID-19, who cannot pay in full, the IRS encourages them to pay what they can and consider a variety of payment options available for the remaining balance, “adds the release.
How to request an automatic extension?
To obtain such an extension, taxpayers must estimate their tax liability on the extension form and pay any amount owed.
“Individual taxpayers have several easy ways to file Form 4868, Application for Automatic Extension to File the US Tax Return (in English) before the July 15 deadline. Tax software vendors have an electronic version available. In addition, all taxpayers, regardless of income, can use the IRS Free File to electronically request an automatic extension for filing taxes, “adds the entity.
Extension when paying
Taxpayers can also get an extension by paying all or part of their taxes owed through IRS Direct Payment, Â the Electronic Federal Tax Payment System (EFTPS) Â or with a debit or credit card I say. Under this option, taxpayers do not have to file a separate extension form; they will also receive a confirmation number for their files.
State deadlines may differ
The IRS alerted Americans to verify their filing and payment deadlines, as they may differ from the July 15 federal deadline. A list of websites of the state tax division (in English) is available through the Federation of Tax Administrators.
“The IRS understands that many people were affected by the coronavirus and may not be able to pay their taxes in full by July 15, but don’t forget that we have many options to help taxpayers,” said Chuck Rettig, commissioner of the IRS. “These easy-to-use payment options are available on IRS.gov and can be done automatically without contacting an IRS representative,” he added in the written statements.
For more information on payment options, you can go to the IRS website